The documented part: the US Federal Reserve left its target range for the policy rate unchanged at 3.75 to 4.00 percent on Wednesday evening at 7 pm German time, by ten votes to two, and the average staking yield on Ether stood at 2.63 percent in the third quarter. Our assessment follows further down: the gap between those two numbers explains the outflows from the American Ether funds better than any chart level, and it works out differently for investors in the euro area than for investors in dollars.
Ether was trading at around $2,357 on Wednesday evening, up 0.5 percent over 24 hours (as of October 28, data from CoinGecko). Over seven days it is down 6.6 percent, over 30 days down 12.8 percent. Where the price can point over a horizon of months is set out in our Ethereum price prediction. For the coming days, though, the more important quantity is not a level on the chart but an interest rate.
The Fed holds at 3.75 to 4.00 percent, two members wanted a hike
The Open Market Committee decided to leave the target range for the federal funds rate at 3-3/4 to 4 percent. That is set out in the Read Entire Article
English (US)